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Technology Stocks : Blank Check IPOs (SPACS) -- Ignore unavailable to you. Want to Upgrade?

To: TheSlowLane who wrote (1564)	2/2/2008 10:44:47 AM
From: jrhana	Read Replies (1) \| Respond to of 3862

If the share price is over $8.50 for 20 out of 30 trading days (ie not calendar days but days when the market is open), then you have 30 days to exercise the warrants or you lose them. The warrants must be exercisable which means the deal must have been not only approved but consummated. This I guess could represent a problem for a warrant holder, but this is the kind of problem I want to have. Edit When the share price first hits $8.50, you will have a minimum of 8 weeks to take care of the warrant conversion so it is not like it will happen overnight.